Proceeding contribution from Mark Durkan (Social Democratic & Labour Party) in the House of Commons on Wednesday, 10 November 2010. It occurred during Debate on bill and Committee of the Whole House (HC) on Equitable Life (Payments) Bill.
Equitable Life (Payments) Bill
Obviously we are waiting to hear what the Government will say about their amendment, but the other amendments—including the new clause proposed by the hon. Member for Harrow East (Bob Blackman)—are in essence an attempt to ensure that there is a sense of competent independence in how the scheme is administered and payments made. In terms of making appeals available and ensuring that the design and administration of the scheme are independent of Government, the new clause offers a reasonable construct of what a clearly independent scheme would be. In the debate on the previous group of amendments, there were many references to pledges that many of us signed and how far the Government's measures will mean that we have discharged those pledges, but I do not think that any of us signed pledges that said we would do the whole thing just according to Treasury lights and nothing else. The amendments are an attempt to ensure that it will not only be Treasury lights that will govern the terms of the scheme and its performance.
Secondary information
- Type
- Proceeding contribution
- Reference
- 518 c328-9
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Financial services Insolvency Equitable Life Assurance Society Pensioners Payments Equitable Life Ex-gratia Payment Scheme Review Ex gratia payments National Savings and Investments
- Legislation
- Equitable Life (Payments) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 13:22:55 +0000
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